Mittal Family, Adar Poonawala acquire Rajasthan Royals for $1.65B

The deal, expected to conclude in Q3 2026, gives the Mittal Family approximately 75 percent ownership, Adar Poonawala 18 percent, and Manoj Badale and other existing investors the remaining 7 percent. ipl-cricket.in

Key figures like Lakshmi N Mittal, Aditya Mittal, Vanisha Mittal-Bhatia, and Adar Poonawalla will join the board. This acquisition follows the collapse of a previous $1.63 billion bid by a Kal Somani-led group including Rob Walton and the Hamp family.